Friday, December 25, 2015

HFF closes $69.5 million sale of Class A student housing community serving San Diego State University

Fifty Twenty-Five Apartments, 5025 Collwood Boulevard, San Diego, CA

Hunter Combs
SAN DIEGO, CA – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $69.5 million sale of Fifty Twenty-Five, a 260-unit/942-bed, Class A luxury student housing community serving San Diego State University.

HFF marketed the asset exclusively on behalf of an undisclosed seller.  FPA MultiFamily, LLC purchased the asset for $69.5 million free and clear of existing debt.

Completed in 2010, Fifty Twenty-Five is a LEED Gold-certified property offering a mix of studio, two- and four-bedroom floor plans averaging 951 square feet each with amenities including flat-screen televisions, high-speed internet, modern furnishings, full-size washers and dryers, walk-in closets and fully-equipped kitchens.

 The community also features a resort-style swimming pool, 24-hour fitness center, study rooms, 24-hour computer center, coffee bar, tanning bed, shuttle service and 598-space parking garage.  The property is situated less than one mile from campus at 5025 Collwood Boulevard.

The HFF team was led by directors Hunter Combs and Zack Holderman.

“This closing represents yet another successful transaction for HFF’s national student housing team, which is led by managing director Brian Kelly and associate director Mike Higgins from HFF’s Chicago office.  In addition to California, HFF has closed deals in locations such as Kansas, Illinois, Ohio, Michigan, Louisiana and Florida during the past year,” said Combs.

For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

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